- Second diamond drill rig secured to accelerate exploration at Rouyn
- Drilling capacity increase enables faster testing of multiple targets
- Increased drilling capacity supports continued mineral resource growth
- Expansion follows recent high-grade drilling results at Astoria
Ardiden (ASX:ADV) has brought in a second drill rig as it ramps up exploration of Rouyn after recent drilling success at the Astoria deposit within the Québec gold project.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The company has engaged local contractor Forage MDion to provide the additional diamond drill rig to help accelerate step-out drilling at Astoria targeting down-plunge extensions of high-grade mineralisation.
MD, Andrew Stocks, said the second rig will also enable systematic testing of multiple targets along the six km Rouyn gold corridor and increase operational flexibility and improve overall drilling efficiency.
“The addition of a second drill rig reflects our growing confidence in the Rouyn gold corridor following recent high-grade results at Astoria.
“Increasing drilling capacity allows us to accelerate systematic testing of multiple targets along the corridor, while continuing to expand mineralisation at Astoria,” he said.
“Our focus is on building scale across the project through disciplined step-out and discovery drilling, and this expanded program positions us well to deliver ongoing exploration results.”
The company is ramping up activities at Rouyn in support of continued mineral resource growth through expanded exploration coverage.
Rouyn is located along the Cadillac–Larder Lake Break, one of the most prolific gold-bearing structures in the Abitibi Greenstone Belt in Canada.
Ardiden controls approximately six km of strike length in the highly prospective corridor, which hosts multiple gold occurrences including the Astoria deposit.
Mr Stocks said the company’s strategy of systematically advancing multiple targets across the corridor to build a significant, multi-deposit gold system with ongoing drilling at Astoria targeting down-plunge extensions of high-grade mineralisation.
Drilling is ongoing across multiple target areas along the Rouyn gold corridor with further assay results from the program expected in the near term.
In the meantime, Ardiden is evaluating additional opportunities to accelerate exploration activities.
ADV is steady at 41.0¢. Mkt cap 86.92M.
Join the discussion: See what HotCopper users are saying about Ardiden Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.